rental bonds online

Rental Bonds Online (RBO)

From 30 January 2017, changes to the Residential Tenancies Act 2010 (the Act) make it mandatory for landlords and real estate agents to invite tenants to lodge their rental bonds using Rental Bonds Online (RBO).

The amendment does not change any other provisions in the Act, including those relating to the lodgement and claims for bonds.

Landlords and Real Estate Agents

From 30 January 2017, landlords and real estate agentsĀ are required to beĀ registered with RBO and invite new tenants to provide their email address for the purpose of initiating the RBO bond lodgement process.

A landlord or agent who fails to invite a new tenant to lodge their bond using RBO, prior to accepting a bond, will be in breach of the Act. A penalty of $2,200 may apply.

Tenants who do not have internet access can continue to give their bond directly to the landlord or landlord’s real estate agent. The landlord or agent is then required to lodge the bond with the Rental Bond Board using the current paper based method.

More information: Contact our Property Management Department on (02) 9719 8288 or email us.

rental bonds online

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